Much like the rest of America, Nabors Industries (NYSE: NBR ) wasn't a big fan of this past winter. The unusually cold weather brought oil and gas drilling in places like the Bakken to a screeching halt, which doesn't bode well for a company that makes its hay from selling rigs and drilling services to producers. However, even though many of Nabors' clients decided to hibernate this winter, there are some indicators that Nabors is set up for a very promising 2014.
Nabors' new Pace-X rig, the industry's new darling in onshore drilling technology, is driving much of the success of the company and in more ways than one. In the video below, find out how these new rigs used exclusively in America are impacting the company's other operations and how it could be a breakout year for Nabors.
America's $600 billion energy problem means invest in these three stocks today
A dark specter is looming that is ready to stop America's Energy boom right in its tracks, and no one is talking about it. This one critical element could cost us over $600 billion, but every day we wait that number grows and grows. The U.S. government thinks investment in this sector is so important, even the Internal Revenue Service will give you a free pass if you invest in this select group of stocks. Our analysts at The Motley Fool have combed over this special class of stocks and we have identified three that could make you rich! Find out the names of these IRS-gift-wrapped stocks in our special report "3 Stocks The IRS Is Begging You To Buy." Simply click here and we'll give you free access to this valuable investing resource.